Workmen’s Compensation Insurance
The Policy will indemnify the insured against all claims upto the limits specified, for which the Insured shall become legally liable to pay as compensation for :
a) Accidental bodily injury to Third Party; and
b) Accidental loss or damage to Third Party property
for any accidents happening during the period of insurance at or about the premises specified in the Policy and caused by the Insured and/or their employees whilst performing their normal business activities.
The Company in addition will reimburse all costs and expenses incurred with its written consent defending such a claim for compensation.
The cover is subject to standard exclusions specified in the Policy.
Products Liability Insurance
This policy indemnifies the Contributor against any sums for which he become legally liable due to the following:
If the use of a particular product manufactured or marketed by the Contributor cause accidental bodily injury (including death, illness or disease) to any person caused by a defect or malfunction of the product and defective design.
pecific proposal forms are available which has to be duly completed and to be returned back to the Company for proper assessment of the risk
The policy can be extended to include “Product Recall Insurance” which provide reimbursement of expenditure incurred for Recall Expenses in connection with products manufactured or distributed by the Contributor or the Contributor’s Agents as a result of a decision taken by the Contributor during the Period of Insurance with the agreement of the company, that it is necessary to recall any such products because their use or consumption may cause the Contributor to incur a legal liability if, :
the use of a particular product manufactured or marketed by the Contributor cause accidental bodily injury (including death, illness or disease) to any person
Specific proposal forms are available which has to be duly completed and to be returned back to the Company for proper assessment of the risk
Third Party Liability
This policy covers Contributors Legal Liability towards Third Parties in respect of bodily injury (fatal or non-fatal) and/or property damage arising out of accidents in the course of execution of an Insured Contract Work or occurring at an Insured Premise or in the course of execution of the Contributor’s business.